237.1 -8.62 (-3.64%) Buy

INOXLEISUR investors herd to book profits while the going is good

13 min read

INOX LEISURE LIMITED was among the worst performers today. It lost -3.64% to close at 237.1. During the last week it lost -6.04% and saw a maximum drawdown of -6.04%.

[Themes containing INOXLEISUR]

Buy-and-Hold investors in INOXLEISUR experienced a maximum drawdown of -12.63% over the last three months. It grew by +2.42% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.


INOXLEISUR has been underperforming the NIFTY-50 index in recent time, after having outperformed till 24 Apr, 2017. Over the last 3 years and 1 month, INOXLEISUR underperformed the NIFTY-50 index on 53% days.

During the last three months INOXLEISUR was mostly profitable and delivered on average +0.06% per day. It's best return during this period (of +6.28%) was on Friday, 26 Oct, 2018. While it's worst loss in the same period (of -6.22%) was on Monday, 22 Oct, 2018. There was initially a bullish trend during this period which started on 17 Dec, 2018 and went on till 24 Dec, 2018. The bullish trend returned +9.72% to investors. This was followed by a bearish trend that started on 7 Jan, 2019 and ended on 11 Jan, 2019. This bearish trend lost -4.28% of investor capital.

INOXLEISUR had 4 profitable and 8 loss making months over the last year. During the last year, INOXLEISUR underperformed NIFTY-50 index on monthly return basis. INOXLEISUR significantly outperformed NIFTY-50 index in Aug 2018, when it returned +30.38% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. INOXLEISUR had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -29.45%.

"The real measure of your wealth is how much you'd be worth if you lost all your money

INOXLEISUR is becoming more volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in INOXLEISUR's volatility from 19 Oct, 2018 to 3 Jan, 2019. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.

Advanced/professional short-term investors should note that INOXLEISUR has significant negative skewness in it's return distribution. This indicates that INOXLEISUR is very risky for short-term investment and can significantly underperform for long durations.

NIFTY-50 index has more chance of extreme outcomes than INOXLEISUR. Therefore, NIFTY-50 must receive a lower allocation than INOXLEISUR in your portfolio. NIFTY-50 index usually has shorter drawdown period than INOXLEISUR.

On a general note (since you are interested in INOXLEISUR), three large cap instruments that deserve special mention are TCS, BRITANNIA and TORNTPHARM. They have all outperformed the market and must be closely watched for investment opportunities.

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